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Charitable Giving


You’ve probably heard that “generosity is its own reward.” This may be true, but when you make a charitable gift to a non-profit organization, your generosity also can reward you – especially when you file your taxes. In fact, there are many ways you can benefit. This is one way.

Immediate tax deduction – You can deduct your charitable gift from your current income taxes. For example, if you give $1000 in cash to a charitable group this year, and you are in the 28% tax bracket, you can deduct $280 from your taxes on your 2006 tax return.

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